Financial Statements 2021

4. Notes to the IFRS Company Financial Statements /

10. Financial Assets and Financial Liabilities

Financial assets at 31 December 2021 and 2020:

31 December

2021

2020

(In € million)

Long-term loans Airbus companies (1)

1,389

1,345

Long-term loans external

0

0

Positive fair values of derivative financial instruments

2,931

2,424

Non-current financial assets

4,320

3,769

Positive fair values of derivative financial instruments

1,981

1,136

Current portion long-term loans Airbus companies

9

122

Current accounts Airbus companies (1)

11,239

11,167

Current financial assets

13,229

12,425

Total

17,549

16,194

(1) The receivables from subsidiaries include mainly transactions in connection with the cash pooling in Airbus SE. Terms and conditions are in agreement with the prevailing market environment.

31 December

2021

2020

(In € million)

Negative fair values of derivative financial instruments

2,836

2,023

Non-current financial liabilities

2,836

2,023

Negative fair values of derivative financial instruments

1,982

1,143

Current accounts Airbus companies (1)

30,756

25,527

Current financial liabilities

32,738

26,670

Total

35,574

28,693

(1) The liabilities to subsidiaries include mainly transactions in connection with the cash pooling in Airbus SE. Terms and conditions are in agreement with the prevailing market environment.

11. Commitments and Contingencies

Off-Balance Sheet Commitments Airbus SE issued guarantees on behalf of Airbus companies in the amount of € 10,858 million (2020: € 8,181 million). The commitments of these companies to third parties mainly relate to their operating business as described in “– Note 20 Property, Plant and Equipment”, “– Note 27 Sales Financing Transactions” and “– Note 37 Financial Instruments” of the Company’s Consolidated Financial Statements. On 8 December 2015, Airbus SE entered into a partnership agreement to establish a corporate venture capital fund, dubbed Airbus Group Ventures, as well as a technology and business innovation center in Silicon Valley with a total commitment amount of US$150 million. The remaining commitment is US$10 million at 31 December 2021.

On 1 April 2019, Airbus SE entered into a partnership agreement with effective date 1 July 2019 to establish a venture capital fund, dubbed Airbus Ventures Fund III, with a total commitment amount of US$100 million. The remaining commitment is US$49 million at 31 December 2021. In addition, the Company has two guarantees to cover its obligation towards the Scheme and the BAE Systems pension schemes. To mitigate its exposure, the first guarantee covers an amount up to GBP 1.25 billion for an unlimited period of time while the second one covers an uncapped amount terminating in 2046, respectively for the Scheme and the BAE Systems Pension Schemes.

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Airbus / Financial Statements 2021